Crichton, West Virginia Property Taxes
The median property tax rate in Crichton, WV is 0.57%, considerably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Crichton at $33,600, the typical annual property tax bill is $192, significantly below the national median of $2,690. Property taxes in Crichton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Crichton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Crichton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crichton, West Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Crichton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crichton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crichton to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Crichton, West Virginia
Property taxes in Crichton, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crichton is 0.57%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Crichton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crichton estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Crichton's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25981 zip code has both the highest and lowest median property tax rate of 0.57%. Understanding how these cities compare with Crichton provides valuable insights into the varying tax landscape across Greenbrier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crichton Tax Rate
0.57%
Average Greenbrier County Tax Rate
0.57%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crichton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25981 | 0.22% | 0.35% | 0.57% | 0.86% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Crichton, West Virginia
In Crichton, West Virginia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Greenbrier County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Crichton, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Crichton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 25981 has the highest and lowest median tax bill, both at $192.
Average Crichton Assessed Value
$33,600
Average Greenbrier County Assessed Value
$70,500
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crichton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25981 | $23,200 | $27,100 | $33,600 | $38,500 | $41,440 |
Source: Ownwell
Property Tax Bills Across Crichton, West Virginia
In Crichton, property tax bills are calculated based on the assessed value of a home, which is determined by the Greenbrier County tax assessor. The assessed value is a percentage of the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Crichton can expect property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $125, while at the 75th percentile, it rises to $214. At the 90th percentile, the tax bill reaches $227. These figures indicate that even within the same area, property tax bills can differ widely, affecting homeowners' financial planning and budgeting. Comparatively, Crichton's property tax rates are lower than the national median property tax rate of 0.99%, making it a potentially attractive location for homeowners seeking lower property tax burdens.
Average Crichton Tax Bill
$192
Average Greenbrier County Tax Bill
$454
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Crichton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25981 | $85 | $125 | $192 | $214 | $227 |
Source: Ownwell